Sunshine Metals Limited · ASX:SHN
Sunshine Metals — Corporate Update (April 2021)
18 slides from Sunshine Metals's corporate update, Apr 13, 2021
Slide 1: Exploration Update
Exploration Update 13 April 2021 NEW CONSTITUTION, TRIUMPH PROJECT ASX: SHN
Slide 2: Disclaimer & Disclosure
Disclaimer & Disclosure This presentation includes forward-looking statements. When used in this document, the words such as "could", "plan", "estimate", "expect", "intend", "may", "potential", "should" and similar expressions are forward-looking statements. Although Sunshine Gold Ltd. (“Sunshine Go
Slide 3: Corporate Overview
Corporate Overview Corporate Information Board of Directors ASX Code SHN Damien Keys Led teams to exploration success at Managing Director Spectrum Metals, Black Cat Syndicate, Silver Share Price $0.051 PhD (Struct. Geo), MAIG Lake Resources and Gold Fields Australia. Shares on Issue 444.7M Alec Pis
Slide 4: Project Portfolio
Project Portfolio TRIUMPH GOLD PROJECT (100%) • 15km² intrusion related gold/orogenic system under shallow alluvial cover • 2 granted EPM’s, spanning 138 sqkm • RC drill success at Big Hans, Super Hans and New Constitution RAVENSWOOD WEST GOLD – COPPER – REE PROJECT (100%) • Prospective for porphyry
Slide 5: Triumph Gold Project
Triumph Gold Project • 7,126m RC drilling campaign completed • 50 km south of mining centre Gladstone • All weather road access, power and water • Complete geochemical data review January 2021 • Review of 13,600 multielement samples • Pathfinder element analysis, alteration mapping and sulphide spec
Slide 6: Triumph RC Drilling Campaign
Triumph RC Drilling Campaign • RC drilling to test a range of prospects • Geochem and structural reinterpretation lead to exploration success at Super Hans, Big Hans and New Constitution – Southern Corridor • Results include; • 16 m @ 5.48 g/t Au (34m, 21SHRC002) SUPER HANS • 3 m @ 12.95 g/t Au (30m
Slide 7: 2.5km Long Triumph Southern Corridor
2.5km Long Triumph Southern Corridor 7
Slide 8: Big Hans
Big Hans • Delineated over 250m of strike and to depth ~ 150m • High-grade from surface 17m@ 4.30 g/t Au (1m, TDH118) • High-grade core includes; TDH253 3m @ 10.93g/t Au 17 m @ 4.30 g/t Au (1m, TDH118) 4 m @ 27.12 g/t Au (43m, 21BNRC001) 4 m @ 11.53 g/t Au (69m, 21BNRC006) 3 m @ 10.93 g/t Au (42m, T
Slide 9: Triumph Fault Architecture
Triumph Fault Architecture • Gold anomalism in drilling over 5km of strike, coincident with zone of magnetic destruction and strong potassic alteration. BIG SYSTEM POTENTIAL 9
Slide 10: Ravenswood West Gold – Copper - REE
Ravenswood West Gold – Copper - REE • Greater district produced over 20 Moz Au • Highly prospective for intrusion- related and orogenic gold, porphyry gold-copper-molybdenum and rare earth elements. • Ravenswood West covers 20-25km of strike along a major fault that links Pajingo (4 Moz Au) and Rave
Slide 11: Ravenswood West Prospects
Ravenswood West Prospects • Broad zonation in mineral prospectivity across leases • Centre of tenure prospective for porphyry Cu-Mo-Au-Ag and REE • Bank Breccia – 5 DDHs drilled by Stavely 2016 Best intercept 22m @ 0.6 % Cu • Elphinstone Creek – stream sediment samples highly anomalous REE 0.19 g/t
Slide 12: Keans Cu-Mo-Au-Ag Prospect
Keans Cu-Mo-Au-Ag Prospect • Adjacent major regional shear zone • Undrilled since 1962 • Gold mined from Heuirs Shaft in 1930’s • Rock chip samples by North Broken Hill Ltd in 1961, from Heuirs Shaft spoil contained; • 25.04 % Cu • 8.71 g/t Au • 578.55 g/t Ag • 0.26% Mo • No drilling beneath Heuirs
Slide 13: Dreghorn Gold Field
Dreghorn Gold Field • Rock-chip, soil and drilled gold in predictable structural positions Chl-ser altered rock from Albion Shaft Abundant galena-chalcopyrite 2m @ 10.92 g/t Au (28m,DRC12) 2m @ 2.00 g/t Au (36m,DRC5) Drill results from; 2m @ 5.23 g/t Au (94m,DRC5) 2001 Annual Report EPM10542 3cm Dre
Slide 14: Hodgkinson Gold Project
Hodgkinson Gold Project if = _ (Hodgkinson Gold Field bh 7 300 koz Au \ 9 eG Ne 3 Jungana - Red Dome 1 Moz Au, 47kt Cu a Hodgkinson Project Location Map } © SUNSHINE GOLD Campbell Creek) e@ y 4 L\_{Watersted Tungsten fr a (ASX: TGN) - @ * 1 (Eephan cress) 14
Slide 15: Campbell Creek - Hodgkinson
Campbell Creek - Hodgkinson • 5,500 line km airborne magnetic Campbell Creek Gold occurrence survey flown in November 2020 • Campbell Creek EPM 27575 EPM27575 granted; • Top of the 1.35 Moz Au Palmer River watershed with extensive alluvial gold workings Elephant Creek • No known hard rock source • O
Slide 16: Elephant Creek - Hodgkinson
Elephant Creek - Hodgkinson • Limited gold exploration across tenure • Ivory (Elephant Creek) • Ivory South drill intercepts include; 4m @ 26.39 g/t Au (IVRC2016001) 4m @ 14.55 g/t Au (GABP019) and 13m @ 3.02 g/t Au (CRC35) • Dung (Elephant Creek) • Rockchip sampling to 39.8 g/t Au • Peninsula • Ben
Slide 17: Summary
Summary • 100% owner of three exciting gold projects in Queensland – Triumph, Hodgkinson and Ravenswood West • Acquisition drivers • Near surface, historic goldfields, high grades • Big system potential • Under explored • Near to infrastructure and mining hub workforces • Significant unexplored Inve
Slide 18: Connect with us
Connect with us: Registered office 5 / 16 Nicholson Road, Subiaco, 6008 QLD office 3/50 Tully Street, South Townsville, 4810 P +61 8 6245 9828 E admin@shngold.com.au W www.shngold.com.au Facebook Sunshine Gold Ltd 18